Investment in registered prize bonds surges by 30pc

Investment in registered prize bonds surges by 30pc

ISLAMABAD: The investment into premium prize bonds of Rs40,000 has registered significant increase of 30 percent owing to attractive avenue for persons having legitimate money.

The investment into the premium prize bonds increased to Rs5.86 billion by January 2019 as compared with Rs4.52 billion in the same period of the last year.

In order to promote documentation of economy, the registered bonds with denomination of Rs40,000 was launched two years ago.

The first prize of the premium bond is Rs80 million and the winner of the draw will get the prize money directly to his bank account.

The registered bond is only issued against Computerized National Identity Card (CNIC) and account maintenance certificate of the account number mentioned in application.

The bond has bi-annual profit at three percent per annum for all premium prize bond holders.